Answer:
Efficiency requires that one lighthouse is built since the willingness to pay of all the residents together is larger than the cost of providing the lighthouse
Explanation:
Since the lighthouse is a public good, according to the coase theorem, if the combined willingness to pay for the lighthouse of all of the people living on the islands is higher than the cost of the lighthouse, then a lighthouse should be built.
The total willingness to pay is:
The population willingness to pay is higher than the cost of building one lighthouse ($2000) but lower than the cost of building two lighthouses ($4000). Therefore, efficiency requires that one lighthouse is built since the willingness to pay of all the residents together is larger than the cost of providing the lighthouse.
Answer:
D
Explanation:
D because you have to keep up with demand
Answer:
$86
Explanation:
Missing word <em>"What could be the net annual cost"</em>
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Monthly fee = $20
Interest rate = 4% = 0.04
Average monthly balance = $600
Net annual cost = $20*5 - 0.04*$600*7/12
Net annual cost = $100 - $14
Net annual cost = $86
So, the net annual cost of this account is $86.
Answer:
The correct answer is D) national saving minus domestic investment
Explanation:
The net capital flow (FNC), also called net foreign investment, refers to the difference between the acquisition of foreign assets by local residents and the acquisition of domestic assets by non-residents. Net capital flows take two forms: foreign direct investment and portfolio investment. Foreign direct investment involves actively managing acquired assets while portfolio investment does not require an active role.
An open economy can therefore buy and sell assets in financial markets generating capital flows.
Answer:
That's true but some people do it for money
if a Doctor decrease his price than poor people can get a better health care for them it.
Explanation:
It has been said that a profession is not a trade and not an industry .
yeah
